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Feb 26, 2013
02/13
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the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these annual figures will be released by the energy department later this week. that report in the ft today. take a look how crude is trading, down $0.67 at 92.44. forget all the recent hoopla about a comeback for u.s. automakers, forget some of it at least. less than an hour ago consumer reports released its annual list of where it ranks top models and brands. lo and behold this year there are no american cars in the top ten on quality rankings. phil lebeau in chicago with the sobering news for the big three. phil. >> this is a case where reliability is slipping
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these...
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Feb 12, 2013
02/13
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WJLA
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-backed. -- the u.s. sdebt. host this got the green light to auction off its brands including wonder ratan drakes. the end may be approaching. -- wonder bread and cadrake 's. there will have to provide medical benefits for retirees through may. pizza lovers, are you ready for a pizza hut curfew? all that coming up in the next hour. linda bell reporting for abc 7 news. >> did she say pizza perfume? >> yes. >> i am thinking pepperoni and mushrooms. thank you, linda. it's 47 degrees on this tuesday morning. >> mori action to the pope's >> welcome back. a beautiful clear morning in the nation's capital. >> looks nice. >> i saw the stars as i was driving to work this morning. always nice to have a clear start. >> absolutely. yesterday was gloomy. today, fantastic. i will enjoy this. puts me in a better mood. sunshine and blue skies and it is all good. while this morning at 49 degrees right now. we have a wind chill factor, and restart. 44 degrees is the wind chill. west northwest wind at 14 miles an hour. it feels li
-backed. -- the u.s. sdebt. host this got the green light to auction off its brands including wonder ratan drakes. the end may be approaching. -- wonder bread and cadrake 's. there will have to provide medical benefits for retirees through may. pizza lovers, are you ready for a pizza hut curfew? all that coming up in the next hour. linda bell reporting for abc 7 news. >> did she say pizza perfume? >> yes. >> i am thinking pepperoni and mushrooms. thank you, linda. it's 47...
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Feb 5, 2013
02/13
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here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will not shy away from criminal prosecution if they have the facts. s&p says regarding, the government doesn't have the facts here. in a statement the company says 2020 hindsight is no basis to take legal action against opinions of professionals. tyler. >> good reporting. >>> president obama about to make a statement on his budget proposals. we will have it for you when it happens. it will be from the white house, that podium, then we'll talk live with ranking democrat on the ways and means committee, the big taxing committee. s
here is u.s. attorney general eric holder. >> during this period nearly every single mortgage backed cbo rated by s&p not only underperformed but failed. simply this alleged conduct is egregious and goes to the very heart of the recent financial crisis. >> important to note. this is a civil lawsuit not a criminal case, so it's much easier for the government to prove. this increasingly is the way the feds are going after the financial crisis. but officials still insist they will...
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Feb 6, 2013
02/13
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. ♪ >>> u.s. government is suing s&p and its parent company mcgraw hill perhaps for as much as $5 million over its massive ratings mistakes on mortgage bonds and subprime issues. so far only s&p is being sued. while s&p's parent mcgraw hill stock dropped by 24%, moody's is also down by 20% since this news broke. let's ask two key questions right up front. first, is there a smoking gun inside s&p? or is this political pay back for s&p cutting the u.s. debt rating back in 2011? here's what the attorney for standard & poor's floyd abrams told david faber on cnbc earlier today. >> i don't think anyone knows. is it true that after the downgrade the intensity of the investigation significantly increased? yeah. i'm sure the government would say that it had nothing to do with it. we don't know why. >> but it did increase after the downgrade. >> yeah. >> but you don't though wt tho'. >> how could i? >> eric holder addressed that at his press conference today. >> they did what they did assessing what the cr
. ♪ >>> u.s. government is suing s&p and its parent company mcgraw hill perhaps for as much as $5 million over its massive ratings mistakes on mortgage bonds and subprime issues. so far only s&p is being sued. while s&p's parent mcgraw hill stock dropped by 24%, moody's is also down by 20% since this news broke. let's ask two key questions right up front. first, is there a smoking gun inside s&p? or is this political pay back for s&p cutting the u.s. debt rating...
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Feb 9, 2013
02/13
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the u.s. senate. that could kill him. we'll have the latest. and please don't forget, free market capitalism is the best path to prosperity. that includes lower spending and limited government. i'm larry kudlow. we'll be right back. ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. all right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or mor . welcome back. we'll take a quick look at the stock market. we bring in cnbc's courtney reagan to give us a rundown. >> reporter: of course we've got a lot of snow out there. traders did go to work, some of them. at least we had
the u.s. senate. that could kill him. we'll have the latest. and please don't forget, free market capitalism is the best path to prosperity. that includes lower spending and limited government. i'm larry kudlow. we'll be right back. ♪ get ready for a lot more of that new-plane smell. we're building the youngest, most modern fleet among the largest us airlines to ensure that you are more comfortable and connected than ever. we are becoming a new american. all right that's a fifth-floor...
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Feb 28, 2013
02/13
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the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick move here-to-date. the s&p coming in today was up 6.5% in two months. that's a great annualized return so the markets ebb and flow, but the fact is the market is going to go the direction of the economy, and the economy is stabilizing and will start to accelerate. >> i don't know that it's stabilizing. you make a lot of good points because we do see the spots of weakness and anemic growth in a lot of areas except for housing which continues to show strength which darryl correctly points out. let me get your talk on interest rates. when would you expect rates to start movi
the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick...
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Feb 10, 2013
02/13
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LINKTV
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the u.s. commander in afghanistan faces tough challenges. among them, republicans questioning whether he is the right man for the job. >> with the u.s. looking forward to december 31st, 2014, the day combat forces are leaving afghanistan for good, marine corps general dunford will probably be the last to run it. you lead a regiment of 6000 troops into iraq in 2003 and but he spent much of his year -- career in the pentagon. >> a much personal time have you had in afghanistan? >> i have not served an assignment in afghanistan. >> dunford will have to manage the politics in washington and kabul when it comes to recommending how quickly forces should withdraw. >> i look at the strength of the enemy, the capabilities of the afghans security forces. >> president obama has not decided how many will stay in the country or, for that matter, what they will be doing. once the decision has been made, it will be up to general dunford to make sure the plan works and the work of the last 12 years is not und
the u.s. commander in afghanistan faces tough challenges. among them, republicans questioning whether he is the right man for the job. >> with the u.s. looking forward to december 31st, 2014, the day combat forces are leaving afghanistan for good, marine corps general dunford will probably be the last to run it. you lead a regiment of 6000 troops into iraq in 2003 and but he spent much of his year -- career in the pentagon. >> a much personal time have you had in afghanistan?...
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Feb 26, 2013
02/13
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i think that's the threat to the u.s. stock market. you have over three quarters of u.s. companies that have reported fourth quarter earnings. almost 72% have surpassed estimates. the earnings are terrific here. >> why would you call an end to the rally? >> i wouldn't call an end. the republicans are winning. we're going to cover that in the rest of the show. >> risk capital is very nervous because they heard the president's speech and saw bigger government and more spending. that's what got us into this mess in the first place. >> jim, are you nervous capital? >> i like to see other people nervous. volatility was too low. the market had gone too far too fast. this is a welcome correction. i know i'm not the first guy to say that. the italian thing is a great excuse, but it turns out people don't want to vote for their own austerity. it's shocking to me. i'm sure it is to you as well. there's reasons to sell off, but the most important reason is that people are not worried enough. there's been money pouring into the stock market and now we're reminded that there could be
i think that's the threat to the u.s. stock market. you have over three quarters of u.s. companies that have reported fourth quarter earnings. almost 72% have surpassed estimates. the earnings are terrific here. >> why would you call an end to the rally? >> i wouldn't call an end. the republicans are winning. we're going to cover that in the rest of the show. >> risk capital is very nervous because they heard the president's speech and saw bigger government and more spending....
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Feb 13, 2013
02/13
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FBC
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the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out there that would disagree, but they probably aren't looking at being paid $18 per day. mr. president, instead of dividing the ceo of the world's biggest company, what you bring in small business owners who are dealing with her policies the in and day out. while they're there may be to listen to what they have to say you. that's my "2 cents more," and that's it for tonight on "the willis report." thank you for joining us. gerri@foxbusiness.com for complete coverage of the president's state of the union addr
the u.s., but that is not the whole story. coke recently announced a plan to make the new macintosh and the u.s., but there are a tiny part of apple's business. apple's primary product, the ipad, iphone account for nearly three-quarters of the company's sales and are all made in china at places like fox con. that's not going to change a time soon. because as steve jobs once said denton cook echoed, you cannot find that many americans to hire. i bet there are just a few american engineers out...
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Feb 7, 2013
02/13
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>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a "squawk box" exclusive interview with robert rubin. former treasury secretary of the united states. we'll talk about the path from debt disaster to economic prosperity. keep watching "squawk box" on cnbc. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> time now to get some final thoughts from our guest host john taylor. you make the case that the fed, by its easy money actio
>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a...
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Feb 2, 2013
02/13
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the vast majority of the workers who moved into the u.s. over this time liftback -- moved back to mexico eventually. mexican migration was moved temporarily and circular larry. from 1965 to 1985, there were 27 million entries of on authorized immigrants and 22 million departures, yielding 5 million. in our day and age, with cheap international travel, if only the government got out of the way and made it possible, easier, and cheaper with a large-scale test worker visa program. there are numerous pitfalls when it comes to the precarious for immigration reform. respecting the laws import, but so are laws that are worthy of respect. enforcement can be positive, but only one we have good laws that are capable of being enforced in a free society. thank you very much. [applause] >> i know we started a bit late, but i know they would love to take some questions if you could stick around. does anyone have any questions? yes, sir? >> would you speak to the concept that there are jobs that americans will not do. in a country with 7.8% unemployment,
the vast majority of the workers who moved into the u.s. over this time liftback -- moved back to mexico eventually. mexican migration was moved temporarily and circular larry. from 1965 to 1985, there were 27 million entries of on authorized immigrants and 22 million departures, yielding 5 million. in our day and age, with cheap international travel, if only the government got out of the way and made it possible, easier, and cheaper with a large-scale test worker visa program. there are...
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Feb 12, 2013
02/13
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so we'll keep an eye on that again. >> the u.s. has given the blessing to japan for their policy. >> we saw the yen weaken on that for these key levels. >> the market decides with the monetary policy. >>> the uk barclay's unveiled sweeping operational changes as part of an attempt to reposition the bank in the wake of the libor scandal. they're going to take time with roughly 3,700 people. ceo anthony jenkins join us this morning. >> good morning, guys. >> a rare treat. and if i like it, it might stay. you never know. >> does that mean i can take a break, then? you guys can sort of just carry on? >> well, we have a bromance of old. >> but anthony jenkins, okay, he needs to deliver today. did he deliver? i think the analysts on this one are rather split. and most of the analysts that i've been looking at after the announcement have said, could have done more here, 3,700 is not enough in the scheme of things. this is a global organization with 150,000 employees. if he really wanted to move the needle on the cost side, you should have
so we'll keep an eye on that again. >> the u.s. has given the blessing to japan for their policy. >> we saw the yen weaken on that for these key levels. >> the market decides with the monetary policy. >>> the uk barclay's unveiled sweeping operational changes as part of an attempt to reposition the bank in the wake of the libor scandal. they're going to take time with roughly 3,700 people. ceo anthony jenkins join us this morning. >> good morning, guys. >>...
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Feb 18, 2013
02/13
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the number of u.s. homes entering the foreclosure process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well says housing baron sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob hormats is vice president of goldman sachs international. at the state department making the case for american companies overseas. bob, it's good to see you again. >> great to be back on your show. >> thank you so much for joining us. let me begin on sort of this front-and-center issue that we're all talking about and that is sequestration. mandatory spending cuts that are going to take effect on march 1st, i realize we don't know what's going to happen. but what's the impact if sequestration happens? do you think the economy
the number of u.s. homes entering the foreclosure process in january fell to a level not seen since the peak of the housing boom. down 11% from december but all is not well says housing baron sam zell. >> everybody kind of has ignored the fact that there's still 3 to 4 million houses in purgatory. not for sale. not foreclosed. maybe occupied, maybe not occupied. and you've got to address that. >> if you're looking for somebody who has done it all, look no further. he's with us. bob...
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Feb 28, 2013
02/13
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-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5 million. so about a quarter of people who are unemployed get the benefit. so this is not a country where you can sit on the couch -- >> the reason that we're worried -- connect the dots in italy why we're now worried. the labor reforms that were going to happen based on having a stable government are not going to happen now and you're going to be stuck with no growth for 20 years. we don't want a labor situation -- >> italy had no growth for 15 years and everyone thought berlusconi was -- >> we don't want any of that. because, you can never -- you c
-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5...
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Feb 6, 2013
02/13
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the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the threat of global warming, and provide unlimited power. >> for example, the laptop would come pre-charged with all of the energy that you would ever intend to use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find o
the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the...
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Feb 22, 2013
02/13
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the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room an
the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be...
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Feb 15, 2013
02/13
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CNBC
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whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does pro
whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is...
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Feb 21, 2013
02/13
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said, quote, a week from now, a dramatic new federal policy is set to go into effect that threatens u.s. national security, thousands of jobs and more. whoa. that sounds like president obama's argument. that's why i didn't get it as much as i admire boehner. i've got to talk about this. in fact, i've got to talk about it with one of the best economists in the house. vice chair of the joint economic committee. actually, kevin, aren't you the chairman of the joint economic committee now? >> i am incoming chairman, yes. >> well, that's good to hear. but i didn't understand. what's mr. boehner saying? threatens national security? thousands of jobs and more. that's what president obama's saying. what message is boehner sending? you explain this to me. >> look, i think part of the challenge is that these cuts aren't designed the way we would want them. we are worried, of course, about the cuts to national defense. but overall, for us, this issue is about growth. put this in perspective, if the economy were a football field, these spending cuts are one step. one step on that field. we've tried
said, quote, a week from now, a dramatic new federal policy is set to go into effect that threatens u.s. national security, thousands of jobs and more. whoa. that sounds like president obama's argument. that's why i didn't get it as much as i admire boehner. i've got to talk about this. in fact, i've got to talk about it with one of the best economists in the house. vice chair of the joint economic committee. actually, kevin, aren't you the chairman of the joint economic committee now? >>...
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Feb 4, 2013
02/13
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u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes were headed for lebanon. you can see right now, crude oil prices down by about 11%. 96.85. and, steve, i'll send it over to you. >> we'll talk to boeing about compensation for the grounding of the dreamliner. it estimates it will cost nearly $8el million through tend of march. barclay's finance director chris lucas and the bank's top legal expert are set to retire. the departures add to change at the top as the financial giant struggles to put disasters behind it. resimple in moment will officially beco
u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes...
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Feb 14, 2013
02/13
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. >> on keystone, remember what we have now in the center of the u.s. is the price of oil is below the world price. if you build the keystone oil pipeline, what is going to happen is the price of oil in the center of the united states is going to go up by about $20 a barrel. and the major beneficiaries are going to be the producers of the oil in canada and a few refinery owners in the midwest. so i think to portray that as if it is equivalent to the benefits that we're going to get from the domestic drilling for natural gas i think -- >> explain to me why just on this point producing more oil is going to lift the price of oil. i don't get that. >> we were talking about the keystone pipeline. >> i am. that just shifts it to the refiners so the possibility exists that gasoline prices may come down. >> no. the keystone pipeline takes the oil from canada and gets it to the gulf of mexico. right now that gets into the center of the country and there's a distribution bottle neck that it can't get out on to the world market. that's why the curbing oil price is
. >> on keystone, remember what we have now in the center of the u.s. is the price of oil is below the world price. if you build the keystone oil pipeline, what is going to happen is the price of oil in the center of the united states is going to go up by about $20 a barrel. and the major beneficiaries are going to be the producers of the oil in canada and a few refinery owners in the midwest. so i think to portray that as if it is equivalent to the benefits that we're going to get from...
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Feb 22, 2013
02/13
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the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >> yeah. by the way, washington, d.c. pension deficit is better than california's. that's a big number you're talking about here. i want to emphasize one thing to the viewers. this has nothing to do with the budget deficit that you guys were just talking about. this is an addition to the trillion dollar deficits we're running. these are not officially on the books. it's money that the federal government owe these federal retirees. i would make two comments about it. number one, as you know, you covered this, the federal pen
the u.s. postal service®, no business too small. >>> it's gone largely unnoticed but a new report today warns federal retirement pensions could go bankrupt. they could. get this. the unfunded liability of the federal government's pension system surged to $761.5 billion in 2011 and that's up 139 billion from its deficit in 2010. let's discuss this. we have steer moore, keith boykin. steve they are down $760 odd billion. how will this get resolved. it's like social security. >>...
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the u.s. postal service®, no business too small. ♪ lou: president obama calling on congress for another short term fix to avoid the defense sequester, the congressional budget office out with a bleak outlook on unemployment, and we will be talking about that with a former cbo director here in just moments. on wall street today stocks rebounded from yesterday's sell-off. the worst of the year to date. oriole prices rising today for the best levels in more than six years, selling and a faster rate. the dow jones industrials up 99 points, s&p up 15 and a half holding above the 1500 level. the nasdaq gaining 40. volume on the big board, three nap billion shares. joe going private, the deal led by michael dell. microsoft lending $2billion to the deal. in the bond market today interest rates rose. the 10-year rising back above 2%. gold down $2.90 per ounce, oil up $0.47, pushing the price of a barrel of crude to 9664 system beginning of the year. risen almost $4 per barrel. as the price of crude
the u.s. postal service®, no business too small. ♪ lou: president obama calling on congress for another short term fix to avoid the defense sequester, the congressional budget office out with a bleak outlook on unemployment, and we will be talking about that with a former cbo director here in just moments. on wall street today stocks rebounded from yesterday's sell-off. the worst of the year to date. oriole prices rising today for the best levels in more than six years, selling and a faster...
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Feb 13, 2013
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labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of costco. senator marco rubio interrupted his official gop response as you know by taking a sip of water from that poland spring bottle. less than a week after tweeting his frustrations with apple and making a pitch for samsung. other than samsung and poland spring, what product would the senator be a perfect spokesperson for and why? tweet us @squawkstreet, your answers are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through
labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of...
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Feb 27, 2013
02/13
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and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to make it? are the electric battery cars going to make it? >> i think you need to have radical angz in technology to work. they're too heavy. too bulky. too limited in range. so the hybrid is a way of making an even more complicated vehicle because now you have combustion engine plus an electric one. i frankly think that better than that would not gas powered thing. >> i owned a hybrid suv and i won't name the name, but it was a disaster. thank you. you're all great to do this. that's it for this evening's show. i am larry kudlow. i own an american car and didn't get a bailout either. we will see y
and giving us jobs. >> that qualifies as u.s. >> it is giving us money in the u.s. you have chath noog a tennessee, building past sats there and i also think they overlooked on the list the jetta diesel. it is completely overlooked and a hybrid that gets better fuel economy than a lot of had i brids out there. i have a deasel and fell in love with it. i think it is fantastic. she have sigh coming out with their own diesel. >> it is very interesting. are the hybrids going to...
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Feb 25, 2013
02/13
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>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen? >> any successful penetration has the potential for leaving behind a capability. >> do we believe that there are--that governments have planted code in the power grid? >> steve, i would be shocked if we were in a situation where tools and capabilities and techniques have not been left in u.s. computer and information systems. >> of all the critical components in the u.s. infrastructure, the power grid is one of the most vulnerable to cyber attack. that's because the power grid is run and regulated by private utilities, which are unbeholden to governmen
>> working on it. >> one top u.s. intelligence official is on record saying that the chinese have already aggressively infiltrated the computer networks of some u.s. banks and are operating inside u.s. electrical grids, mapping out our networks and presumably leaving behind malicious software that could be used to sabotage the system. can a penetrator or a perpetrator leave behind-- >> yes. >> little things that will allow them to be there and watch and look and listen?...
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Feb 13, 2013
02/13
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and...
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Feb 25, 2013
02/13
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it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had hoped. they expected at this point we would have conclusive results out of the i tal yn election. we do not have conclusive results at this point and it is possible that italians may have to vote again for a new prime minister if we don't get an answer in this round. here's what the markets thought would happen. they thought a guy named louigi berosoni, who most americans haven't heard of, would win. and that silvio burr burr le /*y scony would come in 1ekd. he may not have any seats in the government. the mario monti part is crucial because he was sup
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had...
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Feb 26, 2013
02/13
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and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andrew and cliff. but before we get to home depot and is home depot is out and we're going to do this as quickly as possible. but there will be political maneuvering on what happened yesterday in the markets based on the sequester the.and because people don't watch it as closely as us, they're going to see the sequester is n
and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks....
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Feb 26, 2013
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...
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Feb 13, 2013
02/13
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on foreign affairs, he admonished north korea and talked about having the number of u.s. troops stationed in afghanistan this year and then completely ending the war in afghanistan by next. on the subject of sequestration march 1, if congress cannot reach a deficit deal. 445,000 jobs in virginia, d.c., and maryland area could be affected. local lawmakers here were quick to react to that point. republicans saying that the president was not specific about how both sides can come together on a deal. democrats are saying that the president already made concessions and called on republicans to do the same. >> i think the president has been prepared, has offered a balanced solution to meet it. he reiterated that today. he reiterated that it should not go into effect and very frankly, a lot of republicans notwithstanding what some may be saying who is saying the so quester is an alternative we can take. it will hurt the country. it will hurt the economy and we shouldn't go there. and very frankly, we have been in session now some six weeks, not one bill have the republicans put
on foreign affairs, he admonished north korea and talked about having the number of u.s. troops stationed in afghanistan this year and then completely ending the war in afghanistan by next. on the subject of sequestration march 1, if congress cannot reach a deficit deal. 445,000 jobs in virginia, d.c., and maryland area could be affected. local lawmakers here were quick to react to that point. republicans saying that the president was not specific about how both sides can come together on a...
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Feb 21, 2013
02/13
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sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the product they are selling, groupon goods, tend to lower margin. the one risk is we think this is positive for revenue but that drives the stock higher. one of the concerns we have is goods number means for the overall gross margin. >> groupon has been a push company. they fill your in box with stuff. fewer people are checking them out. it's trying to become a pull company, a mobile company. is it doing it well, gene, and is groupon the same company it was 12 months ago? >> it's a different company than it was 12 months ago, and i think that w
sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the...
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Feb 14, 2013
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the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a stock market boom, too. >> dean, the name of your firm is macro, right? >> yes. >> so you're used to looking macro? >> yes. >> but typically, three were four, five years ago, isn't your first thing that you talk about, you mentioned washington, the sequester, the debt ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pa
the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a...
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Feb 22, 2013
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how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake on this bounce, it would appear, dow down. s&p, 1513. also higher on oil but we've lost a lot this week. gold, as you can see, 1572. still way below the $1600 level. that market bouncing back clearly, sign number one, for investors heading into the weekend. sign number two comes from europe. european commission very negative on the country's economic prospects for the year. they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, jame
how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake...
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Feb 7, 2013
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economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and look at retailers, it really isn't that strong of a picture so i think, you know, to say that the u.s. consumer is doing great is going to drive gdp. i don't know if we're seeing that. the retail sales numbers weren't that great today. >> i think it's all to some extent forward looking, but your point on income is a fair one. at the same time, income or, you know, the wealth of somebody increases with a stronger dollar and a higher home price so there's the income and the balance sheet side of the consumer. >> i guess the question is in terms of the broad economy. we know it's not necessarily fundamen
economy, a strong dollar is good for consumption, and consumption 70% of u.s. gdp. that's why u.s. equities in the currency war scenario i think is very accurate and actually look pretty compelling. >> i guess my only concern, getting back to the consumer spending, not seeing wage growth in the country and if we don't see wage growth consumers will have a tough time spending beyond their car or their house. that story has been done and documented. look at restaurants and the malls and...
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Feb 17, 2013
02/13
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hispanic, american, u.s. senator, smart fellow, and he says he can get that done as long as border security is there. >> absolutely. lou: the use of -- so that hispanic americans who are voting, 70 percent, for president obama? >> they used to vote for the government. lou: look, i would love to sit and talk with you about 2006, 2000 -- 1986, we have limited time. >> sure. lou: would you going to do? >> so, hispanics by and large support the border enforcement. we're not talking about the people w say we want open borders. one and enforced border. lou: i said secure borders. quite a difference. >> secure the borders. hispanics want to secure the borders. >> hispanics want gender politics not to be the one who decides to back weather up the borders secure? >> i think it's fair enough. all americans think we need to have a definition of what a secure border is. and i don't think that the federal government should be the one, you know,. lou: you have to come back and join thi year. you have a big job. you have a
hispanic, american, u.s. senator, smart fellow, and he says he can get that done as long as border security is there. >> absolutely. lou: the use of -- so that hispanic americans who are voting, 70 percent, for president obama? >> they used to vote for the government. lou: look, i would love to sit and talk with you about 2006, 2000 -- 1986, we have limited time. >> sure. lou: would you going to do? >> so, hispanics by and large support the border enforcement. we're not...
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Feb 13, 2013
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jobs and damaging u.s. business. then you have this attack -- >> we're late on stuff. >> if you look at iran -- >> we have a picture of a guy in his bathrobe in a trailer somewhere causing the hackings to go on, but we're talking about nation states that can be responsible for this in many cases, don't we? >> oh, absolutely. i mean, chinese, they show up in military uniforms. they are hired and trained by the military, and their job is to get into networks in the united states, steal intellectual property, bring it back and give it back to the so-called commercial sector for them to steal and develop that product, statement there's a new level of attack of what is publicly report as iran. that's now at the shores of the united states. they are not a rational actor when it comes to trying to bring down banks or financial services networks. this is as serious as it gets. it's as big a national security problem as i have ever seen that america is not ready to handle. >> absolutely. >> and that's why it's so important th
jobs and damaging u.s. business. then you have this attack -- >> we're late on stuff. >> if you look at iran -- >> we have a picture of a guy in his bathrobe in a trailer somewhere causing the hackings to go on, but we're talking about nation states that can be responsible for this in many cases, don't we? >> oh, absolutely. i mean, chinese, they show up in military uniforms. they are hired and trained by the military, and their job is to get into networks in the united...
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Feb 15, 2013
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first up, president obama on the road this week promising to be the champion of the u.s. manufacturing revival. my next guest has a message for him, get off the road and get to work in washington. jay timmons told business leaders in detroit obama's inability to compromise with gop lawmakers on looming budget cuts is causing manufacturers to pull back from hiring and their expansion plans. jay timmons, welcome back to the show. i'm shocked, shocked that obama gives a state of the union message and then goes out campaign style to sell it. i'm shocked. are you? >> well, quite frankly, we're very happy, larry, that the president is talking about manufacturing. we like it when anybody, republican, democrat in washington talks about manufacturing. we just want to see action. we want to see a growth plan put into place so that we can actually start creating manufacturing jobs. >> what kind of growth plans? obama wants to single out manufacturing. he wants to give you all tax credits if you open up plants in the united states, wants 15 hubs around the country for research center
first up, president obama on the road this week promising to be the champion of the u.s. manufacturing revival. my next guest has a message for him, get off the road and get to work in washington. jay timmons told business leaders in detroit obama's inability to compromise with gop lawmakers on looming budget cuts is causing manufacturers to pull back from hiring and their expansion plans. jay timmons, welcome back to the show. i'm shocked, shocked that obama gives a state of the union message...
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Feb 7, 2013
02/13
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shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this 14,000 level in the dow. but there are going to be a lot of investors that see this train that has already left the station and want to get onboard. i think we are going to see an all-time high in the dow in the next 30 to 60 days. > wow. let's do some bonding: what do you think about the bond market? is this the time to buy there? > > for a short-term trader, yes. i think we have hit a near- term low. but over the long haul, rates are still really low historically. i don't know that i would want to own bonds if i had a 5- to 10-year duration. > what abo
shares of u.s. airways flew higher. and let it snow! ski resort owners in the northeast are thrilled a foot of snow could drop by friday, making for a powder-packed weekend. mark sebastian of option pit mentoring joins us now for a closer look at the market. good morning to you. do you suspect with the strength that we have had in this market, that some people are going to want to take profits here mark? > > you know, maybe, but i wouldn't. i think we are due for a breather here at this...
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Feb 25, 2013
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that there's u.s. components inside of i.e.d.s in iraq and afghanistan. >> the government learned that the u.s. manufacturer had sent the chips to dubai. they were sent on to iran and then given to insurgents in iraq. settles also showed me u.s. items smugglers were caught buying for iran that could be used in their nuclear program. ballistic missile parts. tiny radar components. and these sensitive devices crucial to build a nuclear bomb. >> the pressure transducers. >> pressure transducers. >> yes. it's an integral part of enriching uranium. >> iran may have succeeded in obtaining these. look at this photo of president ahmadinejad in iran's nuclear facility in natanz. >> right behind him is an american transducer looking exactly like this thing. >> yes, the iranians were trying to acquire these transducers. >> one reason it's so hard to enforce the sanctions is that many items iran wants are sold for non-military uses, like this little widget-- a triggered spark gap. >> the triggered spark gap can be
that there's u.s. components inside of i.e.d.s in iraq and afghanistan. >> the government learned that the u.s. manufacturer had sent the chips to dubai. they were sent on to iran and then given to insurgents in iraq. settles also showed me u.s. items smugglers were caught buying for iran that could be used in their nuclear program. ballistic missile parts. tiny radar components. and these sensitive devices crucial to build a nuclear bomb. >> the pressure transducers. >>...
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Feb 7, 2013
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the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning fr
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep...
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Feb 8, 2013
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>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and kelly, let me give you the whole story. the lawsuit was filed by three former ubs clients in the u.s. they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the p
>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and...
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Feb 6, 2013
02/13
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in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like opening a whole new window that you never saw before. and you open the window, and you get a whole new vista of things that might happen that you didn't have access to before. so from a scientist's point of view, it's the biggest thing to happen in particle physics in, say, 20 or 30 years. >> yeah. >> what's the average person gonna get out of this? >> what the--the best thing is, we don't know. >> some scientists believe the experiment could lead to the discovery of other dimensions beyond length and width and depth. they've long suspected that they exist, but lack the knowledge to detect them. they also hope to le
in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like...
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Feb 28, 2013
02/13
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the fed is the only place that the u.s. government can sell its bonds. the entire -- >> they don't sell directly. >> what's happening is the fed is printing it, buying these mortgage backed securities, giving them to banks and bore roger it back at 3.5. federal deficit is around 700 or 800 billion right now. does the number 85 billion a month sound familiar? it's basically they are printing enough to lend them to the federal government. >> don luskin that sounds like a latin style central bank policy. do you agree with mr. morris? >> yeah. i kind of do to be honest with you. the fed unfortunately has started using fiscal instruments to carry out monetary policy. it's lost its independence. it's going to be v-very difficult for the fed to get out of this. they have to find somebody to buy these products. >> up don't think there's any upside to stocks? i beg to differ. i think profits are good. fed easy money not my favorite thing in the long run. what about budget cuts don luskin. >> i am for budget cuts but please forgive me for pointing out this contrad
the fed is the only place that the u.s. government can sell its bonds. the entire -- >> they don't sell directly. >> what's happening is the fed is printing it, buying these mortgage backed securities, giving them to banks and bore roger it back at 3.5. federal deficit is around 700 or 800 billion right now. does the number 85 billion a month sound familiar? it's basically they are printing enough to lend them to the federal government. >> don luskin that sounds like a latin...
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Feb 22, 2013
02/13
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u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautious
u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the...
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Feb 12, 2013
02/13
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many think that's the way the u.s. stock market is going to end. many down here say the trigger, well, look at what coke said, caterpillar and ford. the cracks in their well anticipated and well received earnings were europe. maybe the key is europe. others think it's japan. like kyle bass, that's what traders down here are focusing on. >> what about that? david, do you see a downside risk to the fed, easy money here? i mean, do you think at some point this comes back to bite us? >> well, there's -- you know, and we haven't talked about this. hasn't been talked about the exit plan for the fed when they want to reverse policy. i think the risk this year is will qe be mitigated or send this year. that will certainly have an impact on bonds and i think that is a catalyst for rates moving tied and this great befolks and i think we'll see more evidence of that this year. i don't think rates are going up for a while but a good chance they back off on qe and we start to see that rotation. >> okay. you think then that qe starts ending sometime this year? >
many think that's the way the u.s. stock market is going to end. many down here say the trigger, well, look at what coke said, caterpillar and ford. the cracks in their well anticipated and well received earnings were europe. maybe the key is europe. others think it's japan. like kyle bass, that's what traders down here are focusing on. >> what about that? david, do you see a downside risk to the fed, easy money here? i mean, do you think at some point this comes back to bite us? >>...
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Feb 8, 2013
02/13
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the u.s. postal service®, no business too small. >>> a huge snowstorm is going to hit the northeast tomorrow. how bad is it going to be? the weather channel's jim cantore is live in boston for us tonight. good evening, jim. what does it look like? >> larry, it's not often that i bring one of these with me when i come to do a weather report, but i got this one. so if this gives you an idea what we're talking about, this is three feet of snow. there is a forecast for two to three feet of snow across a good part of massachusetts, southern new hampshire into maine, connecticut, even new york city now with blizzard warnings, expecting 12 to 18 inches there. this is going to be a blockbuster storm. the big question is can we get everybody off the roads in time? that's what the desire is hout . the government says, look, i want all unnecessary vehicles off the road by noon tomorrow. so if we have a scene like you see behind me here, larry, where i-93 is backlogged at this time tomorrow night, we're
the u.s. postal service®, no business too small. >>> a huge snowstorm is going to hit the northeast tomorrow. how bad is it going to be? the weather channel's jim cantore is live in boston for us tonight. good evening, jim. what does it look like? >> larry, it's not often that i bring one of these with me when i come to do a weather report, but i got this one. so if this gives you an idea what we're talking about, this is three feet of snow. there is a forecast for two to three...